£6,298,509
This estimated value is based upon the latest sale price for the house of £5,098,900 on 13 Feb 2019. This value is then adjusted by the current Official House Price Index for COUNTY DURHAM 1
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| Price Paid | Date |
|---|---|
| £5,098,900 | 13 Feb 2019 |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for COUNTY DURHAM to estimate the market value.
When this house was purchased in February 2019 the House Price Index for COUNTY DURHAM was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £5,098,900 results in an estimated price of approximately £6,298,509.
| 13 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £5,098,900 | £1,199,609 | £6,298,509 |
The Postcode Pricing Model uses changes in average sales price within the DH1 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -31.153 % | £-1,588,472 | £3,510,427 |
| 3 Month Average | -8.721 % | £-444,663 | £4,654,236 |
| 6 Month Average | -24.968 % | £-1,273,098 | £3,825,801 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £187,524 | £185,000 | 15 CLARKE ROAD |
| 6 Jun 2023 | £121,471 | £120,000 | UNIT 3 MARINERS COURT |
| 19 Aug 2022 | £289,221 | £290,000 | 1 TURNER CLOSE |
| 21 Jun 2022 | £273,870 | £270,000 | 2 TURNER CLOSE |
| 28 Oct 2021 | £232,360 | £210,000 | 5 CLARKE ROAD |